Stand up for the facts!
Our only agenda is to publish the truth so you can be an informed participant in democracy.
We need your help.
I would like to contribute
Michael Sullivan, a long-time advocate of smaller government, says lawmakers voted to halve the state's current reserves (Mark Matson for Austin American-Statesman, 2007).
As Texas lawmakers edged toward agreement on future spending, a conservative advocate warned that the GOP-majority Legislature was halving state reserves.
In a May 22, 2013, Twitter post, Michael Sullivan, president of Empower Texans, which advocates less government, wrote: "#txlege will be drawing current Economic Stabilization Fund down by half: $4 billion from current $8 billion."
Sullivan was referring to the kitty informally known as the state’s rainy day fund.
But his analysis compared current and future legislated spending solely against the fund's 2013 balance when the state expects the fund to accumulate more revenue through August 2015. Our Truth-O-Meter rating came out Mostly False.
See relevant number-crunching plus some thoughts from fiscal experts in our full article to the right.
Our Sources
See the Truth-O-Meter article.
